Retail premises to let in Watford Way, Hendon, London NW4

Location: The premises are situated in a very prominent position at the junction of the Watford Way (A41) and Greyhound Hill offering a high exposure to passing vehicles on this busy main road.

Accommodation: Comprises a double shop unit which has been for many years used as a car showroom and has been fitted to an extremely high standard. The premises affords the following approximate dimensions and floor areas:

Frontage 45’ 3
Maximum internal width 41’ 2 narrowing to 17’
Shop depth 68’ 6
Ground floor area: 2,000 sq ft approx

In addition, 10 – 15 car spaces are available in a basement car park in an adjoining building for sale or to let.

Amenities

* Large skylight
* Tiled flooring
* Sodium & spot lighting
* Air conditioning
* Rear electric roller door leading to service road

lease: A new full repairing and insuring lease to be granted for a term by arrangement subject to upward only rent reviews at 5 yearly intervals if applicable.

Rent: Shop only: £45,000 per annum exclusive.
Car parking: £25,000 per annum exclusive.

Alternatively

tenure: Freehold for sale with vacant possession of the double shop. The residential upper part comprises 2 x studio flats and 1x 2 bed flat let on ASTs producing a total income of £52,800 per annum.

Price: £1,500,000

The basement car park is held on a long lease with 94 years remaining and is available to purchase for £200,000.

Rates: Obtained from the website the showroom premises has a rateable value of £31,500 with rates payable for 2024/2025 are £15,718 per annum. Retail, hospitality and leisure uses currently are legible for rates relief of 75%. Interested parties should confirm annual rates payable with the Rating Authority.

EPC: To be confirmed.

Legal costs: Each party to be responsible for their own costs incurred.

Nb: The adjoining shop of 585 sq ft which currently intercommunicates is available to rent at £15,000 per annum exclusive. Further details upon request.